Bitcoin, Ethereum Lost Way But XRP Made Promising Headway — Here Are The Best Performers From Last Week
The cryptocurrency market witnessed significant downsides last week, although some coins exhibited resilience with meaningful gains.
What happened: BGB, the utility token for the centralized exchange Bitget, emerged as the best performer, rallying more than 11% over the week.
The Ethereum (CRYPTO: ETH) based coin has more than doubled in value during the last month, reaching an all-time high of $8.45 in the final week of 2024.
XDC, belonging to the XDC Network, was the second-highest gainer, lifting 5.42% over the week.
The XDC Network is a Layer-1 blockchain that aids in the tokenization of real-world assets.
Payments-focused cryptocurrency XRP rose 4.54%, becoming the most successful large-cap cryptocurrency in the last week.
Part of the excitement stemmed from Ripple Labs President Monica Long’s statement that an XRP exchange-traded fund would be approved “very soon.”
| Cryptocurrency | 7-Day Gains +/- | Price |
| Bitget Token (CRYPTO: BGB) | +11.83% | $6.80 |
| XDC Network (CRYPTO: XDC) | +5.42% | $0.101 |
| XRP (CRYPTO: XRP) | +4.54% | $2.53 |
Blue-chip currencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) had a rough week, losing 4.88% and 11.63%, respectively.
Popular meme-based cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) also entailed heavy losses, sinking 14% and 11.65%, respectively.
The global cryptocurrency market capitalization contracted 6.7% to $3.29 trillion from $3.52 trillion the week before.
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